LBI REAL ESTATE UPDATE
Researched & Presented by : PAT SEPANAK , Broker / Owner
Late Summer 2021
YEAR
# Units Sold
Average Sales Price
Avg Days On Market
% List to Sales Price
2020 370 $ 1,164,616 133 96.1 % 2021
LBI MARKETRENDS Comparison all of LBI - Single Family , Jan - Aug 15
351 $ 1,552,174 57 100 %
Sales Market : Inventory is beginning to increase . In June we had 79 single family homes for sale , on 8 / 18 , there were 129 . Over the last couple of months the Average Sales Price has been holding pretty steady . We have started to see some listing price decreases . Buyer demand remains strong , but not quite at the level it once was . It appears that perhaps the market is cooling off a bit . Schools and work places are opening back up and a 2nd homes may not be as high on the ‘ to do ’ list . Some of our potential buyers have been priced out to the market and some seem to be wanting to wait out the craziness of bidding wars . It is expected we will have a good Fall market , but perhaps not at the frenzied pace of the past year .
SELLERS : This may be your opportunity to obtain a very good price for your LBI property . If curious as to your value , ask for our Online Market Evaluation ( see below ). For a limited time , since our market is moving fast , commission is reduced based on ‘ time on the market ’. If I save , you save ! Go to : LBIrealestateNews . com / reducedcommission
Check out : LBIrealestateNews . com
This Week on LBI - Updated weekly with a ‘ Market Snapshot ’ of what ’ s just been ‘ listed ’, put ‘ under contract ’ and ‘ closed ’ with pictures and descriptions . Local headline news . Access the last quarter ’ s ‘ solds ’, plus the latest market statistics and analysis .
Search our Local MLS - Custom search module linked directly to our local MLS . Choose pre-defined popular searches to start and then create your own custom searches . Can use quick or advanced search modules or by map location . FreeLBIHomeSearch . com
Early Buyer ’ s Alert Program - We can make it even easier for you . Fill out a simple form on our website with your preferred buying parameters and be emailed detailed information about every new listing , price and status changes that match from our local Multiple Listing Service - the day they occur . A great way to ‘ find the finds ’ and find them first ! All information directly from our local MLS .
Online Market Evaluation - Answer a few questions about your LBI property on our website and you ’ ll be sent a report chock full of information about the current state of the LBI market and an in-depth analysis explaining your property ’ s price range of value , including detailed information about your competition . This is not a Zestimate ! A must for every homeowner to stay on top of their LBI investment .
FEATURED HOMES
Harvey Cedars Lagoon Front with Outstanding Bay Views . Protected mooring at the lagoon in your backyard . 4 bedrooms and 3.5 baths with multiple decks including a large roof top for panoramic views . Asking $ 2,299,000 .
High Bar Harbor Updated Cape with Expansive Cove Views . Updated interior . Large deck in rear with water views and natural uplands to enjoy watching the wildlife . Offers 5 bedrooms and 2 baths . Asking $ 949,000 .
South Beach Haven , 2nd Floor Condo Short Walk to Beach & Town Offers 3 bedrooms , 1 and one half baths , eat in kitchen , vaulted ceiling in living room , tile floors , central air and electric heat . Picnic area in rear . Asking $ 725,000 .
SAND DOLLAR REAL ESTATE 217 N . Long Beach Boulevard , Surf City 08008 609-494-1130 • SandDollaronLBI @ att . net • LBIrealestateNews . com Serving LBI since 1983
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